Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessRenault in talks over new alliance body with Nissan and Mitsubishi

    Renault in talks over new alliance body with Nissan and Mitsubishi

    Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.

    Reuters
    March 11, 2019 / 13:55 IST
    Renault–Nissan–Mitsubishi Alliance

    French carmaker Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.

    "In response to recent press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor Co., Ltd. and Mitsubishi Motor Co., Ltd. regarding the establishment of a new Alliance body in order to enhance and ensure further collaboration," Renault said in a statement.

    "The proposed arrangement will have no impact on the existence of the RAMA (Restated Alliance Master Agreement),and the cross-shareholding structure, which will both remain in place," added Renault.

    Reuters
    first published: Mar 11, 2019 01:51 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347